The New York Department of Financial Services said Sunday evening it had taken possession of Signature Bank, marking the second downfall of a major crypto-focused bank over the past week. Signature had $110.36 billion in total assets and $88.59 billion in total deposits as of Dec. 31, the regulators said in a press release. All depositors will be made whole. Signature was one alternative to...
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To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier
Google executives have extensively discussed dropping Broadcom as a supplier of artificial intelligence chips as early as 2027, according to a person with direct knowledge of the effort. In that scenario, Google would fully design the chips, known as tensor processing units, in-house, the person said. The move could help Google save billions of dollars in costs annually as it invests heavily in...
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